Amazing Money Saving Ideas for 2021!

Smartchoice Editorial
November 25, 2020

Do you really think about saving? How much money do you save each month? Do you wish you had some more money-saving tips for 2021 which you didn’t have in 2020? If you’re looking for some of the best and finest money-saving tips, if that is the case then you’ve come to the right place! There are many ways to learn how to save money and build wealth, and today we are going to tell you about them.

Already dreaming about all the travelling you could be doing in 2021 and beyond? Make it possible with some simple ways to save money for travel that you can start doing now! If you can, this is a great time to be saving money, since there are not as many places to go out to you can easily cut back by not being able to go out to eat as much, or grab drinks on Friday nights, go to an indoor gym and so on.

Money-Saving Tips

I am often asked by my best money-saving tips from people who are having difficult time-saving money, and there are often many saving tips out there that I can help them with. This is because it can sometimes be very difficult to see where you are wasting and/or spending too much money. Often what is obvious to one may be hard for another to notice and understand the situation.

Even if you’re already taking part and practising some of the best ways to save money, we believe that if you could just find a few more saving tips (or as many as you can as per your saving appetite!), you may be able to improve your financial situation so that you can live your dream life.

Taking upon the below-mentioned money-saving tips can help change your life in many ways, such as:

  • Pay off your liabilities quicker.
  • Stop living paycheck to paycheck.
  • Live off of one income peacefully.
  • Give up work (Retire) early.
  • Go on your dream vacation.

And more!

In this article, we are going to talk about over fifty of the best ways to save money, and these money-saving tips will help you save more or make more money every month. We are ascertaining that learning new ways to earn the money and to save money which will completely change your life. And it’s something we can all get better at constantly. If you do all of the saving tips that we have listed below, you may be able to save hundreds or thousands of dollars each year. Remember, even a little saving at a time can add up to a lot of money in the future!

Here are over 50 of the best ways to save money:

 Find a more extreme way to save money.

I’m sure we’ve all done some super embarrassing and even crazy things to save money. we know that since we have haha! Amazing yar!

Just for the brain refresher, we recommend that you read 60+ Extreme Things People Have Done to Save Money to see some of the most interesting money-saving tips used by personal finance management experts. That list also includes some of the thrilling saving tips my readers have told me about. Some of the extreme saving idea which some millennial do use and these include money-saving tips such as:

Shave your head.

Well, it may sound pretty intense but this is a great way for men (and even women!) to simplify hair care and cut down on the cost of it. Second thing is to cut your own hair or ask your friends or family to do it for you. Haircuts are extremely expensive, especially and also if you get your hair coloured too. Instead of spending money at the salon, let someone with decent symmetry for straight line cut your hair and that person will definitely do a great job!

Fill your name brand cereal box with an off-brand, it’s just not the cereal you and cover and using multiple other things can help cut the budget and save by using this smart technique. If your family says they “need” brand for anything, then this is one of the saving tips that might help you out.

If you are facing a financial crunch or have a debt to repay move in with your whole family into your parent’s house. Owning or renting a house in a crunch time can be extremely expensive, but sometimes it needs to be understood that what is the need of the day and how saving more and spending less can save you entirely…

Well on the lighter side you can also freeze water bottles instead of using the AC. Not only will this help you save money on cooling costs, but it’s also very good for the environment.

 Bring your lunch to work.

Do you know that bringing your lunch to work actually save you money?

We would like to share an interesting statistic that said on average each per spends around
PKR 70,000 a year on lunches. That is a mix of eating out and eating in when at work. (That to the calculation that is a lot of money) this money calculated is for a simple meal. And, if you’re not cautious and aware of your spending habits, that’s a part that can creep up on you and lead to somewhat catastrophic, such as credit card debt. One needs to manage the credit card with the utmost care and not use the card for just everything.

And, that’s the same thing about purchasing lunch at work.  It’s a small purchase that doesn’t seem like it would add up to many expenses. But, bringing lunch to work from home is one of the best ways to save money and has the potential to save the average person at least thousands of rupees a month. To take part in this money-saving tip, you can start by looking at these tasty budget lunch ideas. Another easy way to initiate the ritual of bringing lunch to work is by making an additional serving or two at dinner a day before and packing the leftovers in the freezers away for lunches

Stop paying for Cable TV.

The average monthly cable bill is over PKR 1500 to 2000 varying from area to area. If you are looking for money-saving tips that will change your life, no longer paying for TV is one of my top tips. You can do a one-stop-shop with your internet. Do a Netflix binge as well as watch television and get your office work done through internet only. This is just one of the Grade A way to save money, it will help you simplify and enjoy life even more. However, if you aren’t ready to quit paying for TV all together, there are lots of options that allow you to only pay, usually much less than cable, for the shows you want and sometimes even offer more in lesser amount.

Buy a water filter.

Sometimes, in order to save money, you may have to spend a little. You need to invest in a filter and then you can use that water at home and even when going outside, rather than constantly using bottled water, you can probably drink the water from your own home. It would be a long term investment and would give return till you are using it at your home. Note: Yes, we realize there are some cities and villages where the water is not clean enough to drink and that water needs to be bought, but that is not the average person.

 Take part in savings activities

The monthly bachat committee that almost every woman in Pakistan is familiar with and uses it as a sure shot way to save money each month smartly. It is one of the best ways to save money because this is one the easiest and safest way to save money because that enables you to pay in small easy instalments that you can take out from your earnings and get a big sum at your turn. This is the handiest money-saving tips we will talk about in this article. It’s very easy and starts you on a path to saving more money without even noticing! All you have to do is save as low PKR 500 each week for a year, which easily adds up to a savings of whooping PKR 182, 500. Right now is a great time to start this savings habit. And, it will make saving money just a little more enjoyable.

Save money automatically.

There are multiple apps available on your play store or app store that allows you to easily save money, and we are sure it will be easy and you will love it! With the savings apps, you can link up your bank account, then every few days as per the app is designed it takes a peek at your income and spending habits to see how much you could possibly save even though living comfortably. Then very smartly and automatically moves money from your one account to designated savings account set by you.

Simplify your life and go, minimalist.

Well, trying to manage your life, especially your financial life, can be tough in the current scenario. Amid learning about money-saving tips, planning for retirement, paying bills, nurturing a family, etc. life can be exhausting and strenuous. And, we all have a lot of clutter in our life not just physical, mental as well!

By living a minimalist lifestyle, you can learn how to be happier and freer, be in more control of your life, waste less of your prized time, and more. All of this will allow you to enjoy life even more and live with zeal and festivity!

Simplifying your life can include:

  • Learning to be more organized.
  • Paying off your dues.
  • Spending less time on social media.
  • Paying expenses annually or semiannually.
  • DE cluttering and maybe even cut back.
  • Having fewer apparel options.
  • Automating your payments

Until now we have discusses how you can save money by cutting cost in 2021. These saving solutions are something that would not only cut the cost but also would make you more receptive towards every penny you spend. Saving goals cannot only be achieved via cutting on luxury items and finding alternatives. They would go as a perfect match when you save money and at the same time find avenues to generate more!

Start a blog or a vlog

Starting a blog isn’t a way to cut expenses, but there are numerous ways that a blog or vlog can help you save and even earn more money. A blog can raise your spirits to keep track of your finances, introduce and get you connected others interested in saving more, and support you make extra money. We all have across people who have started a blogging vlogging and are making thousands of rupees a month. Many have also left their 9 to 5 jobs to work from home.  People might consider it easy and similar to a jog t a nearby milk shop but No… it’s not easy work, but it can be well worth the effort it if you decide to become a full-time blogger and enjoy it.

We have seen people earn better than what they were earning while working on a day job. They are happier than ever and can also travel full-time! If you are interested in starting a blog of your own, there are multiple tutorials that will help you start a blog of your own. There are also some free blogging courses you can join to help you start and launch a successful and effective blog!

Start investing.

This may not seem like the most apparent and visible of the saving tips. We would like to put it here because investing means you will have to put some of your money out there into something to start some extra earning more and saving. But, investing now will help you become prepared for retirement, and it may even help you retire early. Not only that it can help you save for your future expenses as well, for instance, your child’s marriage, it can also help you in fulfilling your dream of sending your child abroad for education and other such expenses that require a big sum of money.

Investing is easier and easier these days, and you can start investing with very little money. This is one of the best ways to save for your future, and we definitely recommend that you get started sooner than later. There are multiple life insurance investment plans available that can very well work with your planned goals and financial milestone that you can plan for the future. One smart way to get started would take advice from an expert and more importantly unbiased advice that would fit your requirements.

Your one-stop for that can be logging on www.smartchoice.pk not only will they guide you towards your right saving plan but would also tell you the nitty gritty’s that would help you do the right cost-benefit-opportunity analysis. Enabling and empowering you to reach the right decision.

Think before you make a big purchase

This may sound like one of the unassuming money-saving tips I’ll mention, but it can be difficult for some people. Really, we have all at one time experienced that remorseful feeling after making a hefty purchase when we realize and feel that we have made a huge mistake. You may be infuriated and annoyed at yourself for wasting money, you may also realize that it will add to your debt, and more. Perhaps you don’t realize for months or years later, but you eventually understand what a waste of money the item was.

Before you make a large purchase next time, you should ask yourself a number of questions to make sure that the thing you are buying it is actually worthwhile. The questions include:

  • Can I afford it?
  • What else is the article going to cost?
  • What else could I spend this amount of money on?
  • Can the large purchase wait 24 hours?
  • Can I borrow the item from someone instead of buying it at this time?
  • Is there a return policy?
  • Do I actually need this?

This is one of the greatest ways to save money that will help you for years to come, especially after you get in the habit of asking yourself those questions.

Get great discounts on your vacations just by using your credit card.

One of my favourite money-saving tips and ensuring great returns is to get bonus points and cashback on my credit card purchases. What many people do normally with their credit cards is like normally they would put all of our expenses on our credit cards, completely pay them off each month, and earn free rewards points and cashback depending on the nature and type of the credit card.

To make this one of the best ways to save money, you will need to be good with credit cards. You need to be able to distinguish between creating debt and making a financially viable decision. If you aren’t, well versed with your credit card then there are plenty of other money-saving tips to take part in.

Birthday freebies.

Everyone has a birthday, and you may be able to score some of the free birthday stuff by simply using your birth date on multiple places of eateries and comment boxes or by signing up for a company’s email or subscriber list to receive a coupon for your birthday. This is one of the super-easy money-saving tips, this tip also entails a lot of fun as it’s easy and free for everyone!

 Switch to a more affordable cell phone and regulate your bills.

Most people overpay for their cell phone and have the tendency to overuse the set limit. Cell phone bills can easily cost over PKR3000 or PKR5000 per month, and if you have a family, then you may be paying a few more thousands per month. Once you find a provider you like, try to maintain your phone and phone internet bill as well. But, once you know how much you can save with a little smart play for instance use WIFI whenever possible, while still having great service, this is a no brainer. Understand that something’s need to be controlled and limits need to be set. This will not only help regulate budget but will also help you in cutting cost that can be invested elsewhere.

Quit smoking (one of the best ways to save money that will also save your life).

May sound impossible but also worth noticing according to the study of the American Lung Association, tobacco kills nearly 500,000 people in the U.S. each year and costs the U.S. $333 billion per year in healthcare expenses. Smoking cigarettes can lead to many detrimental and harmful side effects, on multiple organs such as lung cancer, heart disease, and many other medical problems.

According to our sources, someone has shared that they lost their father (who I was extremely close to) passed away from lung and brain cancer in 2008. He was a really healthy man, except for his serious smoking habit that was a problem in reality. We tried for a very long time to get him to discontinue, and it’s something they believe that they will always have regret not trying hard enough for. Keeping this in view no one in their household has had never smoked a cigarette in my life, and I never will. There are just too many harmful effects (impacts) of smoking.

Not only is it tremendously unhealthy, but it is also quite expensive for your lifestyle. According to the Business Insider report, cigarettes can cost around $5 in states such as Kentucky, and they may cost as much as $15 in New York. If you smoke a pack a day, that can be as much as $450 a month in some parts of the US. Another interesting statistic: According to GlassDoor study, people who smoke earn an average of 20% less than non-smokers. Due to all of the above, we would like to recommend one of the most important money-saving tips that I like to tell others is to STOP SMOKING! You will not only save tonnes of money but will also be more productive and less dependant.

Make a budget.

One of the best ways to save and be successful is to manage budgets. Usually, people take help from others to people manage their money better. It’s that simple. Budgets are great and help you be more predictable with money because they keep you mindful of your income and expenses. With a budget, you will know exactly and calculate how much you can spend in a category every month. How much you have to work with that and on that, what spending areas need to be evaluated and reworked, among other things. Budgets have surely helped people reach their goals, pay off their debt, make more money, even retire early, and more. This is one of the saving tips that will completely change your financial life and your perspective of looking at how finances are handled.

Find ways to work from home and earn.

There are tons and tons of work from home jobs that already exist in the market. With the kind of technology we have in today’s world and looking at the present situation that we are faced with in 2020 amid COVID-19, there are more and more jobs online, people prefer more and more contactless work with the employer and the employer wants to establish with the employee.

This trend is expected to continue well into the future. Working from home has now allowed them to travel full-time, which they love so much more! Some work from home jobs involves working for someone else, or you may be even being able to even start your own business. And, yes, it would also help you to even earn a full-time income from home. So, if you are looking to start making more money, that would pinch in with your saving plans or if you want a new career path that lets you earn money from home, there are some really good opportunities out there.

Online tuition

Teach online tuition to earn money from home. There are multiple platforms and companies that allow you to work from home, create your own schedule, and start earning earn hundreds and thousands of rupees per hour (many teachers are earning over PKR 100,000 per month) all while just teaching online to students. Become a virtual associate to earn money online.

Virtual associate tasks may include social media management, formatting and editing of content, scheduling appointments or travel, email management, and more. Basically, you can get paid to do any assignment that needs to be done in someone’s business but doesn’t need to be done by them but others can also do so. You can also take help from multiple blogs and other experts who are well into the online working business.

Drive a more affordable car and give yourself a break.

According to the research study by Edmunds.com, the average person in the U.S. spends a lot of payment and on a used car payment. So they constantly spend their money either maintaining or upgrading the vehicle. This is sad when you contemplate that many people also take out high-interest credits in order to pay for their beloved car. As per one of the customers back when her husband worked in new car sales, he often said that about new car buyers who had car loans at interest charges of 20% and above.

While 48000 a month maybe affordable to some, we are going to take up that it’s a lot of money for most people. Plus, once you add in gas, maintenance, insurance, taxes, registration costs, and more, that number is going to be much higher. I think everyone should buy a car that they can actually afford. I am a big believer that your car expenses should be less than 10-15% of your monthly income in order for it to be affordable.

Make saving money fun.

Learning to have fun saving money is always a good idea, and it makes the saving tips I’m talking about more enjoyable. So many people get tired of paying off debt and saving money because it can feel so monotonous or they just lack the motivation. This is why I believe one of the best ways to save money is to learn how to make saving money fun. This can help keep you motivated and interested in saving money.

Here are some fun money-saving tips:

  • Take part in the PKR 1000 Savings Challenge and easily save over PKR 100,000.
  • Create a challenge between you and someone else. You can turn it into a fun challenge between your friends, family members, or coworkers.
  • Create a graphic that demonstrates your financial goal. An example of this would work for something like paying off your house. You could have a picture of a house and section it into 100 pieces. Then, each time you reach a small payoff goal, you can colour a piece in.
  • Make an inspiration board for what saving money and/or paying off debt will mean to you. You could have images of amazing places you want to visit, ideas about retirement, and more.
  • Find ways to have frugal fun.
  • Learn more at How To Make Saving Money Fun.

 

Use a programmable thermostat.

A programmable thermostat is something you may want to invest in to save money this year. They are relatively affordable, and you will most likely make your money back within a year or maybe even just a few months. With a programmable thermostat, you can set the temperature at exactly what you want it to be for different times of the day.

And, because it automatically changes on a schedule, you won’t have to constantly worry about it. For example, your AC will automatically turn up when you leave for work so that you don’t waste electricity or money heating or cooling an empty house. You can also program it for while you are sleeping, for the weekend, when you are on vacation, and so on.

Programmable thermostats are one of the saving tips that are also good for the environment, so it’s a win-win. I did a simple online search and was able to find plenty of programmable thermostats for less than $50, so well worth the small investment.

 

Pay off your debt quickly.

By paying off your debt quickly, you may be able to pay less in interest fees and free up your money to save for other financial goals, such as retirement. We also have some amazing examples related to saving.

Eat out one less time each month.

How many times every month do you eat out? Have you ever calculated how much do you think you spend each month at restaurants? Most people are astonished and amazed when they actually sit down and track how much of the earning they’ve spent every month eating out. A family of four can easily spend over PKR 2500-3000 for dinner out, and if you do that multiple times per week, that’s thousands of rupees that you can potentially save. Start with eating out just one less time each month is one of the best ways to save money, plus it will help you save a nice amount of change over a one-year period.

 Cut back on your subscription services.

Subscription services like Netflix, Amazon Prime and many other such services are a lot of fun, and they make it really easy to get just what kind of content you want to be delivered straight to you. And, there are subscription services for all sorts of things, like meal deliveries, clothes, streaming services, and more. The issue is, however, is that when you add too many subscription services to your tab, you may find that you are disbursements way too much.

The saving tip we recommend for this one is to evaluate which subscription facilities you are using and then cut out the ones you no longer want or that cost you too a lot of money.

Save money on groceries.

Learning how to save money on food and groceries doesn’t have to be difficult. You can save money on groceries by:

  • Planning your grocery trips better.
  • Use this cell phone app for cashback on your groceries.
  • Start meal planning.
  • Always shop with a grocery list
  • See if there are any sales for the items you are already buying.
  • Use coupons/offers when grocery shopping.
  • Don’t go grocery shopping when you’re hungry.
  • Skip the pre-made and pre-cut items.
  • Sign up for a grocery store’s loyalty card

Cancel your gym membership.

If you really want to save money, cancel your gym memberships as it can be costly if you’re not using them. If you’re not utilizing the full value out of your gym membership, then you should cancel it as soon as possible. This is one of the easier money-saving tricks as cancelling a membership is a monthly cost that you can get rid of completely! While it’s advantageous for some people to pay for a gym membership, the majority of people do not get their money’s worth out of a gym membership.

There are so many ways to get a good exercise that doesn’t necessitate a gym membership. You can go for a bike ride, a hike, a long walk, a jog and more. This is one of the superlative ways to save money that also lets you get in the open air and explore the world around you.

Get rid of your car or a spare car.

We know that when you read this tip, some of you might be thinking that we are crazy for including this as one of the saving tips, but getting rid of your car might actually be something you want to think through. Or, if you are two cars per household (means you have two cards where one sit idles and other is being used), just going down to one car could be a good way to save money in 2021. Trust us, if you are really looking to cut on expenses getting rid of your car you will save money on petrol/CNG, taxes, insurance, overheads, maintenance, and more. You can still use ridesharing services like Uber, Svwl, Airlift (that link will give you off your first ride and might also offer you first five rides free) or you can carpool if you need to get somewhere by car.

Receive cashback on your purchases.

Sign up for a credit card where you can earn CASH BACK for just spending how you normally would online. There are multiple outlets and even designated and preselected places from where you can save on money rather get money on spending some. This is another one of the best ways to save money because you’re probably already shopping at one of their partner stores or the selected service you want to receive cashback at. Usually, when you make the first transaction you receive good encouraging cashback.

Go meat-free.

This is one of the saving tips that might not be for everyone and all people won’t be able to let go of this habit, but cutting just some meat out of your diet can be one of the best ways to save money in the upcoming year. Now, you don’t have to go completely vegetarian or fruitarian, but you can try and implement something like a meatless Monday or try having meat with just one meal a day or having meat once in every two days. Not only will cutting meat out of your diet save you some good money, but there are also some studies that suggest that it’s good for your health and the environment both.

Get rid of your storage unit.

Nearly 10% of households have kept some self-storage unit. However, many people don’t really have a use for them it’s just primarily the unwanted clutter that people forget about and don’t want to actually deal with, so they continue to buy things they like and keep hoarding it in that place. What one healthy mind should do is to instead, think about getting rid of your storage space as one of the best ways to save money. The reason, when you would not have extra space to store you, would let go of the extra buying of stuff.

Read personal finance books.

If you want to change your life, and we more financially wise and practical then we recommend that you start reading personal finance books. Yes, we do understand that money is not everything, but improving your financial state of affairs is one of the saving tips that can help you gain control of your life. Personal finance books we would like to recommend include:

  • Broke Millennial
  • The Year of Less
  • Meet The Frugalwoods: Achieving Financial Independence Through Simple Living
  • Work Optional: Retire Early the Non-Penny-Pinching Way
  • The Broke and Beautiful Life
  • Real Money Answers for Every Woman
  • The Ultimate Couple’s Guide to Communicating about Money
  • You Only Live Once
  • The Recovering Spender: How to Live a Happy, Fulfilled, Debt-Free Life
  • You can find the whole list of personal finance books I recommend here.

Look for easy ways to save money on entertainment.

Someone once told me how expensive it was to go out and have fun. They told about all of their dues and everything that goes along with it, and they also said that their monthly “fun” budget was around PKR 15000. If you are trying to get rid of high-interest and the feeling of constantly being in debt, there is no reason why you should be paying PKR15000 a month to have all the fun.

All of that money spending can add up to a lot of stress! Cutting down your entertainment budget isn’t just one of the best saving tips; it is also one of the methods to simplify your life in the upcoming New Year. There are many ways to have fun for less and even sometimes without paying anything.

Search and Compare your car, travel and health insurance policies.

Insurance is a necessary expense, but you may be paying for extras that are a waste of money. Or, you may be wasting money by not shopping around for better plans and lower prices. The average person with no very less information on insurance plans and coverage does pay too much for various forms of insurance. It’s actually quite possible that you are currently paying too much for car insurance, so do something about it today! I know someone who has full coverage car insurance with a deductible on a car that is worth PKR 30,000. I know someone who pays for towing even though their new car comes with free towing, and there are even more situations like this.

A lot of this is because the average person doesn’t fully understand how insurance works. However, it’s something that you’ll definitely want to learn about because it is one of the best ways to save money well into the future!

Stop spending more money on insurance by:

  • Shopping around at different companies to see what other offers are out there.
  • Evaluating whether or not you should change your deductible.
  • Changing some of your coverage amounts.
  • Understanding insurance terms better.
  • Possibly taking a proper driving class.

We also recommend that rather then simply calling your insurance agent and asking for a discount, as many times they will offer a discount that will allow you to save money just for asking!  you can also window shop, multiple insurance providers, all at one place on smartchoice platform. the platform does not only show you all kinds of insurance policies but also shares the required details. smartchoice has an in-house call centre where each insurance service expert can guide you to the right policy. This is one of the super easy money-saving tips, as this phone call will probably only take a few minutes.

Take a staycation.

A staycation is when you take a vacation by exploring the city you live in. This is one of the best ways to save money because it still involves going on a vacation. By taking a staycation, you will save money on airfare or other means of transportation, and you can even do it from the comfort of your own home. The idea of a staycation is to explore your area as a tourist would. You could make a list of all of the places around you that you’ve been meaning to explore, from parks, museums, restaurants, etc. I’m sure there are tons of things to do and places to visit that you have never had the chance to see before! This can be a great way to treat yourself as you’ll pretty much be on a vacation, but you’ll get to save more money than if you were to go on a “normal” vacation.

Use an Airbnb for your next vacation.

The moment you first try the Airbnb, they have been many people the favourite way to accommodate themselves when travelling. Well, what Airbnb does is it offers short-term rental vacation homes in nearly every part of the world and for nearly every budget ( high-low-medium) you name it and you get it.

Airbnb vacation home charges are usually comparable or cheaper than a hotel, plus you typically have more room in the same amount. Airbnb will often come with a kitchen too, and that can help you save money on going out to eat all the time while you are on vacation. Also, if you have a lot of individuals going on vacation with you, you can split a house and the rent for much less than it would cost for everyone to get a hotel room. Airbnb is many people a favourite way to travel and many people hardly ever stay in hotels anymore. This is also one of the best ways to save money.

Save money on your next vacation.

Some people specifically want to travel each year and for that purpose, their sole aim is to save money is to travel on a budget and explore maximum our of each destination they really aim to get out of town for vacation instead of doing a staycation; there is still plenty of money-saving tips just for vacations. Below are some of the best ways to save money while you are on your next vacation: one thing to remember is that to be flexible with your flight dates and days. A difference of just a day or two can sometimes save you thousands of rupees per flight.

For tourist destinations, travel in the mid or offseason instead of the peak travel season. Stay in an Airbnb (mentioned above) for one of the best ways to save money while going on vacation.

Ask for a discount at the hotel/guesthouse you are staying at.

  • Eat like a local.
  • Buy groceries and eat out less (if you’re staying in an Airbnb, this is easy because many have kitchens).

The local library can be a great way to have fun without spending any money. You can find out the latest bestseller, a classic you’ve always wanted to read or borrow movies, music, and more. There are actually a lot of libraries in many countries now who allow you to borrow things like cameras, GoPros, even telescopes, and more. This is definitely one of the best ways to save money as all you need is a library card.

 Have an emergency fund.

An emergency fund is something we believe everyone should have, and this is one of the best ways to save money as it can help you greatly and in dire times in the future. However, according to a research report by Bankrate, 26% of Americans have no emergency fund at all. According to this same survey/research report, only 40% of families in the US have enough in savings to cover three months of expenses, with an even lower percentage having the recommended six months’ worth of savings to keep them going in times of crises and difficulties.

This does sound frightening right? Remember that this is one of the saving tips that will help you get through tough parts and phases in life. An emergency fund can and will help you if you lose your job, if your hours and wages are cut if you have a surprise expenditure, and so on. Without an emergency fund, you may have to take out a loan from bank, family or friends, rely on credit cards, and more. And, all of those things can cost you tons of money in the long run.

Buy used as one of the best ways to save money.

Purchasing used furniture, clothing, baggage and more allows you to save a lot of money on the things you are already buying in your normal routine. You can sometimes even get items for free by seeing what friends, family, and neighbours are trying to get rid of or they don’t need it anymore, and you can even find free items listed on multiple Facebook Marketplaces and OLx (sub-baichdey).

When we say that trust us, which people do want to give away their stuff! It’s much easier than trying to find a place to donate things or give them away (some places actually have too many donations and have to say no), plus it can mean the person doesn’t have to drag it away.

Create a budget—and a goal.

An easy first step is to first figure out exactly how much you’ll need to save for your trip. Spoiler alert: it’s probably less than you think! There are tons of places around the world where you can travel easily on a budget. Factor in the cost of flights, hostels/hotels/other accommodations, trains or rental cars and a portion of general food and fun budget. Once you have your goal in mind, it’s time to get saving!

how to save money for travel.

we recommend that set up a separate savings account just for your travel fund and make a point that you don’t take any money out of it once you’ve put some in! Having a separate account or fund where you save money just for travel can help a lot to realize that dream. Once you have an account set up, set up an automatic transfer that puts a certain amount of savings into the travel fund month. Even if it’s just PKR 1000 or 2000 a week, that will add up over the time!

Make #stayathome work for your wallet.

The long lockdowns have been tiring but they have been a blessing disguise, and you can definitely use them to help you save money for future adventures! If you usually get coffee or tea every morning on your way out to work, now’s the time to invest in a proper coffee maker to make coffee at home instead of getting it from outside always. Learn how to cook some budget-friendly meals with healthy recipes so you can save on food costs. See if you use a ke to some nearby places instead of using the all the time. Figure out how much money you would have spent on weekends and nights out, movie tickets and similar activities and put that money into your travel fund now while those activities aren’t on the calendar due to the present COVID-19 situation.

Curb impulse buys.

We know when traditional shopping outlets are close, many of us are doing a lot of online shopping during the lockdown. And while online shopping can be super fun (and essential!), curbing impulse buys can help you save a ton of money for travelling down the road. Before you purchase something, try to ask yourself if you really need it. Ask these essential questions before the purchase. Will you still want it in a few weeks? Is there something you already have that you could use instead? If you’re sure you want it, give yourself a day or two before hitting that purchase button to make sure that it’s not something you’ll forget about in a few hours.

The last but not the least tip would be to

Sell things you don’t use anymore

Need to do some spring (or summer) cleaning and want to make some money too? Do some cleaning and sell whatever you find that you’re not going to be using anymore and you are dead sure about it. Got a lot of old clothes you don’t wear? Sell them on social media market places! Old stuff in the roof space? Try Sale boards on Facebook or OLx to make a bit of money. ⁠Facebook Marketplace is a great place to sell things locally as well. You can sell pretty much anything and everything from clothes to books to furniture and appliances or really anything under the sun!

well, these are all the tips and tricks that would help you save a lot of money and will also help in generating extra funds for your use. if not immediate use it will help you earn and save for the future or the travel.

No matter whatever you get to learn in this article… it is only possible when there is a definite and firm will to implement it.

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